Anonymous
01/28/2017 21:51
Subject: Re:I am considering buying a rental property. Talk me out of it.
Anonymous wrote:Anonymous wrote:
A broad spectrum of experts believe in the likelihood that automation / AI / robotics will displace a large number of jobs within 30 years. It will happen gradually rather than all at once. As this phenomenon weakens the economy, there will be weaker demand for rentals and housing at today's prices. Subsequently, in 30 years, you will be unable to make positive cash flow from rent during the later years on the mortgage, and will be unable to sell the property at the full purchase value.
+1, sort of. Self-driving cars are going to change to landscape of housing and rental. Maybe 20 years before they are fully adopted.
I think this kind of prognosticating is sort of silly. Automation ALREADY has had a massive impact, and it did not seem to impact people's need to have a place to live.
Anonymous
01/27/2017 21:59
Subject: Re:I am considering buying a rental property. Talk me out of it.
Anonymous wrote:
A broad spectrum of experts believe in the likelihood that automation / AI / robotics will displace a large number of jobs within 30 years. It will happen gradually rather than all at once. As this phenomenon weakens the economy, there will be weaker demand for rentals and housing at today's prices. Subsequently, in 30 years, you will be unable to make positive cash flow from rent during the later years on the mortgage, and will be unable to sell the property at the full purchase value.
+1, sort of. Self-driving cars are going to change to landscape of housing and rental. Maybe 20 years before they are fully adopted.
Anonymous
01/27/2017 16:47
Subject: Re:I am considering buying a rental property. Talk me out of it.
Anonymous wrote:
A broad spectrum of experts believe in the likelihood that automation / AI / robotics will displace a large number of jobs within 30 years. It will happen gradually rather than all at once. As this phenomenon weakens the economy, there will be weaker demand for rentals and housing at today's prices. Subsequently, in 30 years, you will be unable to make positive cash flow from rent during the later years on the mortgage, and will be unable to sell the property at the full purchase value.
We have hearing this for years, except that people are actually working more now than in prior years.